Orient-Express Hotels Ltd. Continues Renewal Of Board of Directors
Roland Hernandez Nominated To Board; Will Become Chairman Following June 28 AGM
Bob Lovejoy and Philip Mengel To Retire at AGM
Four Of Eight Directors Will Be New In Past Two Years
HAMILTON, Bermuda--(BUSINESS WIRE)-- Orient-Express Hotels Ltd. (NYSE; OEH, www.orient-express.com) (the "Company") today announced that its Board of Directors has nominated Roland Hernandez, 55, as an independent member of the Board. Mr. Hernandez is a highly successful media and entertainment executive with broad public company board experience including in the hospitality industry, where he has served as the lead director of MGM Resorts International and Vail Resorts, Inc.
The Company also announced that Chairman J. Robert Lovejoy and Board member Philip R. Mengel will retire from the Board upon the expiration of their terms at the Company's Annual General Meeting on June 28, 2013. Immediately following his election to the Board at the AGM, the Board intends to name Mr. Hernandez Chairman.
With the addition of Mr. Hernandez, Orient-Express Hotels Ltd. is continuing to build on the foundation for the new era of renewal and growth that began with the appointment of John M. Scott as President and Chief Executive Officer in November 2012. Following the AGM, the Board will have eight directors, four of whom will have joined the Board in the past two years.
Prudence Leith, Chair of the Board's Nominating and Governance Committee, said, "On behalf of the entire Board, I would like to express how grateful we are to Bob and Philip for their years of dedicated and able service to Orient-Express Hotels - including as interim CEOs as well as directors and, in Bob's case, as Chairman. They have both made substantial contributions to the Company's successful evolution, and we wish them the very best in their future endeavors."
Mr. Scott said, "Although we will miss Bob and Philip's wisdom and guidance, we are excited that Roland will be joining the Orient-Express Board. He will bring to the Board impressive experience and will provide invaluable counsel as we execute on our go-forward strategy to capitalize on the Company's strong brand and unique assets."
Mr. Lovejoy said, "It has been my sincere pleasure and honor to serve on the Orient-Express Board since 2000 and as Chairman and interim CEO. I am proud of what the Company has accomplished to date and have every confidence it will continue to grow and flourish under the leadership of John Scott as CEO and Roland Hernandez as Chairman."
Mr. Mengel said, "Orient-Express Hotels is a great company which has tremendous potential under John's leadership. Its impressive assets are unmatched in the industry and I look forward to closely watching its continued success."
Mr. Hernandez said, "This is a unique opportunity to serve on the Board of one of the world's leading luxury travel brands. I am looking forward to working with my fellow directors as well as John and his team to deliver growth and value for investors in the years to come."
Roland Hernandez has been the Founding Principal and Chief Executive Officer of Hernandez Media Ventures since 2001. He previously served as Chief Executive Officer of Telemundo Group, Inc. from 1995 to 2000. He founded Interspan Communications and served as President from 1986 to 1994. He currently is on the Board of Directors of MGM Resorts International, Vail Resorts, Inc., Sony Corporation and U.S. Bancorp, but Mr. Hernandez has announced that he will be stepping down from the Sony Board this year. He also served on the Board of Directors of Wal-Mart for 10 years. He is also a Member of the Harvard University Law School Board of Advisors. Mr. Hernandez holds J.D. and B.A. degrees from Harvard University.
About Orient-Express Hotels Ltd.
Orient-Express Hotels Ltd. is a luxury hotel company and sophisticated adventure travel operator which seeks to deliver memorable experiences that are the ultimate expression of each destination's authentic culture. The Company has offered exceptional luxury travel experiences since 1976, when it purchased Hotel Cipriani in Venice and then shortly thereafter recreated the celebrated Venice Simplon-Orient-Express, linking London, Paris and Venice, along with other European cities. Today the Orient-Express Hotels Ltd. brand embraces 46 hotel, cruise and luxury rail businesses in 22 countries, including distinctive properties such as Hotel Cipriani in Venice, Grand Hotel Europe in St Petersburg, Hotel Ritz Madrid, Mount Nelson Hotel in Cape Town, Copacabana Palace in Rio de Janeiro and Maroma Resort and Spa on Mexico's Riviera Maya. The Company also operates six luxury tourist trains, three river cruise operations and one of New York's most iconic restaurants. www.orient-express.com
Orient-Express Hotels Ltd.
Vice President, Chief Financial Officer
Tel: +44 20 3117 1333
Director, Corporate Communications
Tel: +44 20 3117 1380
KEYWORDS: Bermuda Caribbean
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